Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

IndustryLatest Stories

Signature Global reports ₹46.86 crore loss in Q2 FY26

NEW DELHI: Signatureglobal (India) reported a net consolidated loss after tax of ₹46.86 crore for the quarter ending September 30, 2025, a decline from a profit of ₹4.15 crore in the same quarter of the previous fiscal year, according to their BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹372.51 crore, representing a 52.08% decrease from ₹777.42 crore in the corresponding quarter last year. During Q2 FY26, the management of the group opted to sell its investment property in the NCR region, successfully securing ₹5 crore from this transaction. Published on Nov 7, 2025 at 05:03…

InfrastructureLatest Stories

Unauthorised Structures Pop Up Near Mulapeta Port

Representative AI image SRIKAKULAM: The real estate surge near the under-construction greenfield port at Mulapeta in Santabommali mandal is proving lucrative for some realtors, who are reportedly deceiving buyers with unauthorized layouts. Many of these realtors are allegedly converting agricultural land into residential plots, violating regulations without providing layout plans to prospective buyers. The rapid development of the port has invigorated the real estate market, leading to numerous unauthorized layouts in adjacent villages. A senior official from the directorate of town and country planning, speaking on condition of anonymity, stated that out of approximately 90 ventures near Mulapeta Port, only…

Latest StoriesResidential

Kolkata: 1,000 Slum Dwellers Relocated to Banglar Bari

KOLKATA: Nearly 1,000 residents from 220 families in Jhoro Bustee, a slum near Golf Club Road, have relocated to the KMDA-developed ‘Banglar Bari’ on the same site. This project consists of five five-storey blocks, offering a total of 220 flats at a cost of Rs 13.4 crore, with each flat covering an area of 366 sq ft. According to KMDA officials, construction of a community center and kitchen is already in progress and is expected to be finalized within a few months. “The housing project was executed in two phases—180 units in the first phase and 40 in the second…

InfrastructureLatest Stories

Tamil Nadu: Half the land acquired for Parandur airport

CHENNAI: The Parandur airport project has advanced significantly as the state government has acquired 1,100 acres across 17 villages in Kancheepuram district, distributing ₹680 crore to the landowners. A total of 1,075 sale deeds were signed in the past four months during camps organized by revenue district officers and land acquisition officers. Official sources noted that local villagers willingly offered their land, satisfied with the compensation provided. “Those who registered their land to the government received immediate compensation via bank transfer,” the source mentioned. Compensation varies from ₹35 lakh to ₹1.1 crore per acre, depending on land guideline value, in…

Latest StoriesResidential

Gurugram Zone III: Property Tax Camps from Nov 8 for Dues

GURUGRAM: The Municipal Corporation of Gurugram (MCG) announced plans to hold several property tax camps across Zone 3 colonies from November 8 to November 30. These camps aim to assist residents in settling dues, correcting information, and obtaining on-site self-certification. According to the schedule released by the civic body, the camps will be open daily from 10 AM to 3 PM. Residents are encouraged to bring their Aadhaar and PAN cards along with property ownership documents, preferably in digital format, to facilitate self-certification and verification. MCG Commissioner Pradeep Dahiya stated, “These special camps aim to quickly resolve property tax and…

CommercialLatest Stories

Tidel Park Project Launching in Panjapur, Trichy

TRICHY: Tidel Park Limited, a state-owned enterprise, has established a special purpose vehicle (SPV) in collaboration with the Trichy corporation to develop office facilities for private IT and ITES firms in Panjapur. The corporation has leased approximately 14.1 acres of land adjacent to Panjapur KKBT to the SPV for a duration of 45 years, with the option for extension. In exchange for the land lease rights, the corporation has been allocated equity stakes worth ₹23.7 crore, with the total land value estimated at ₹47.5 crore. Sources indicate that the overall project cost will be around ₹462.5 crore, which includes the…

Latest StoriesRegulatory

Ghaziabad HC Sets Land Rates for Indirapuram Farmers, Resolves 20-Year Issue

GHAZIABAD: The Ghaziabad Development Authority (GDA) is mandated to provide higher compensation to 35 farmers from Mohiddinpur Kanavani village in accordance with the Land Acquisition (Rehabilitation & Resettlement) Act, 2013, for land designated for the Indirapuram Extension township. In a ruling on October 17, the Allahabad High Court instructed the GDA to pay up to twice the prevailing circle rate of 2014. The land acquisition dispute dates back to 2004 when the GDA announced plans to acquire 229 acres. Farmers challenged the move, demanding higher compensation than the Rs 1,100 per square meter offered by the GDA. In 2005, 225…

CommercialLatest Stories

MMRDA Seeks Bids for ₹1,629-Crore Wadala Lease

Representative image MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) is seeking bids for a prime commercial plot of 10,860 sq m (2 acres) in Wadala, with a reserve price set at Rs 1,629 crore. This initiative aims to monetize land outside the nearly fully occupied Bandra-Kurla Complex (BKC). The plot features a permissible built-up area of 1,08,600 sq m and a floor space index (FSI) of 10. The deadline for bid submissions is January 7, 2026. The tender represents MMRDA’s significant move to unlock the commercial potential of the Wadala Notified Area, which is envisioned as Mumbai’s third central…

Latest StoriesResidential

Thane Societies Accuse Rajshila Construction of FSI Misuse

MUMBAI: Five cooperative housing societies in Thane have filed a petition with the Bombay High Court, accusing the local builder, Rajshila Construction LLP, of unlawfully utilizing their floor space index (FSI) to construct new high-rise towers on land that is already developed and occupied. The petition, submitted by the Prestige Garden A-1, Prestige Garden A-2, Harmony, Ambience, and Prestige Garden B-1 & B-2 Cooperative Housing Societies, asserts that Rajshila Construction has misappropriated their property rights, while the Thane Municipal Corporation (TMC) improperly approved the developer’s plans for new projects. Rajshila Construction, founded in 2020 and registered under MahaRERA for a…

InfrastructureLatest Stories

Twelve Illegal Houses Razed in Ujjain’s Begambagh Area

Representative image UJJAIN: On Wednesday, the Ujjain Development Authority, supported by an administrative team and the municipal corporation, successfully demolished 12 illegal houses across three plots in the Begambagh area, near the Neelkanth Gate of Mahakal Temple. The properties, owned by the Ujjain Development Authority, were leased for residential use for a period of 30 years. CEO Sandeep Kumar Soni explained, “This action follows the dismissal of the stay by the honorable courts. Although these plots were allocated for residential purposes, they were being used commercially. Moreover, the lease has expired and could not be renewed, prompting this demolition.” The…